Marchex boosts revenues, profits

Seattle mobile advertising company Marchex today reported revenue of $39.7 million, and net income of $597,000 for the fourth quarter. That compares to revenue of $32.4 million and a net loss of $33.5 million in the same period in 2012.

“Marchex made significant strides in 2013 as we expanded our Call Analytics technology, won new clients and retained and grew important, existing relationships,” said Russell Horowitz, Chairman and CEO of Marchex.

The company said that it blocked 40 million phone calls to small businesses in the U.S. in 2013, part of its Clean Call technology. It also recently inked a deal with MapQuest to connect consumers and businesses via “pay-for-call ads.”

Marchex said it expects call-driven revenue of $162 million for 2014, and more than $40 million for the first quarter.

“Our business is being driven by our advertiser demand for mobile performance. Our Call-Driven products and investments are centered on unlocking this opportunity,” Mike Arends, Chief Financial Officer of Marchex, said in a release.

Marchex, which finished the year with $30.9 million in cash and cash equivalents, has seen its stock rise 151 percent in the past 12 months. It now has a market value of $366 million.

John Cook is GeekWire's co-founder and publisher, a veteran reporter and the longest-serving journalist on the Pacific Northwest tech beat. Follow him @johnhcook and email john@geekwire.com.